v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Property and equipment, net $ 2,547,000 $ 2,596,458
Right-of-use assets 85,876 89,041
Restricted cash 40,465 35,137
Due from hotel managers 185,451 137,787
Prepaid and other assets 98,097 77,194
Cash and cash equivalents 139,963 68,084
Total assets 3,096,852 3,003,701
Liabilities:    
Debt, net of unamortized debt issuance costs 1,099,131 1,098,850
Lease liabilities 96,260 87,053
Due to hotel managers 133,288 109,568
Deferred rent 80,493 77,405
Unfavorable contract liabilities, net 55,305 56,549
Accounts payable and accrued expenses 53,019 83,888
Distributions declared and unpaid 24,061 25,903
Deferred income related to key money, net 6,843 7,400
Total liabilities 1,548,400 1,546,616
Equity:    
Common stock, $0.01 par value; 400,000,000 shares authorized; 204,610,975 and 203,703,182 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 2,046 2,037
Additional paid-in capital 2,121,886 2,114,438
Accumulated other comprehensive income (loss) 3,972 (6,381)
Distributions in excess of earnings (584,161) (662,209)
Total stockholders’ equity 1,543,743 1,447,885
Noncontrolling interests 4,709 9,200
Total equity 1,548,452 1,457,085
Total liabilities and equity $ 3,096,852 $ 3,003,701